Doing this 5 years ago you missed the Dodd-Frank party, but if you reinstate a new contract you will need to comply with the new financing laws unless you have a specific exemption, you may if that home was your residence and you're in the military.You need a Texas attorney!

If I'm to understand this correct under the Safe Act (in Texas) ***I can do up to 5 homes per 12 months of your initial deal before needing to comply with rules and regulations.

Another question:  Could there be another creative way of making this a deal and trying to get the owner to comply? 

The city provided a honor system of paying taxes on these rentable units and out of the thousands of homes that were given notice only one home/owner landlord complied.

Most of the posts here are asking where to find contractors, vet them, or referrals, personally I think by giving these files to them but using them carefully will help you vet if they are flaky or not, companies or GCs that know how to fill these and can comply to this will be a bit pricey, but I am 90% sure that they are of medium caliber and will be reliable than your "2 guys with tools".Files Uploaded:CKCC Daily Sign In Sheet - MOST IMPORTANT DURING A FLIP CKCC Project Budget Sample CKCC TEMPLATE Payment Application Sample CKCC Invoice CKCC Conditional Waiver and Release on Final PaymentCKCC Conditional Waiver and Release on Progress Payment CKCC Unconditional Waiver and Release on Final Payment CKCC Unconditional Waiver and Release on Progress Payment CKCC Residential Improvement Contract - Rehab Contract CKCC Residential Time and Material Contract Notices After Contract Signing CKCC Certificate of Completion CKCC Quote Request Form CKCC Purchase Order FormGood luck and happy hunting!

You are becoming both a borrower and a lender and need to comply with all lending laws.

Certified Mail giving them notice, as well as explaining that proceedings will begin if they fail to comply, is what I have been told to do by lawyers and other landlords in Missouri, though I am not an attorney and (luckily)  cannot speak from personal experience.  

Buyers who fail to comply can face a penalty of $10,000 and lose any earnest money paid."

Is it worth having to pay double the permit fee or tear it down if it doesn't comply with city ordinance? 

According to the American Land Title Association, the following types of loans do not have to comply with TRID:Home-equity lines of credit Reverse mortgages Mortgages secured by a mobile home or dwelling not attached to land No-interest second mortgage made for down payment assistance, energy efficiency or foreclosure avoidance Loans made by a creditor who makes five or fewer mortgages in a year And, in addition, 100% cash transactions (no lender involved) are also exempt.